Yanfeng to acquire a 30% stake in Yanfeng Global Automotive Interior Systems from Adient.

Yanfeng, a global supplier of interior equipment for the automotive industry, agreed to acquire a 30% stake in Yanfeng Global Automotive Interior Systems, its joint venture with Adient, a provider of automotive seating, for $379m. "We value our strong relationship with Yanfeng. These pending transactions expand that valuable strategic partnership while allowing Adient to continue to focus on our core business, further positioning us for long-term success," Doug Del Grosso, Adient president, and CEO.